The Lithuanian government’s proposal to raise the excise duty on tobacco products next year is a result of the efforts to improve public health rather than generate more budget revenue, says Finance Minister Vilius Šapoka. […]
More than a quarter of Lithuania’s economy still exists on the black market, according to the Lithuanian Free Market Institute‘s research into the country’s shadow market. The research found that Lithuania’s black market was found […]
The parliament of Lithuania has adopted amendments to the Law on Excise Duty. The bill introduces higher excise duty rates on beer, wine and other fermented beverages, intermediate products, ethyl alcohol, cigarettes, cigars and cigarillos starting in March 2015. […]
Lithuanian Prime Minister Algirdas Butkevičius claims that the government is not planning to make any major changes to the tax system next year or introduce any new tax exemptions. He adds that a rise in the excise duty on alcoholic drinks is considered. […]
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